📉 A NORMAL Bitcoin Drop?
The Bitcoin price has been in a correction phase since the beginning of the year, falling to around $75,000.
📊 According to the Bitcoin Cycle Master indicator, this is a rather healthy correction. By reaching $75,000, BTC has returned close to its fair value (purple). In 2024, the purple level allowed the price to rebound!
🔍 Note that the yellow-red zone, which indicates price overvaluation, has still not been reached!
And if BTC manages to maintain the purple level, it could well accelerate beyond its last ATH around $110,000.